1. In the preceding analysis, the estimated safety stock levels are not expressed in integer values. Suppose...
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1. In the preceding analysis, the estimated safety stock levels are not expressed in integer values. Suppose that inventory levels must be expressed as integers, and re-analyze the case assuming that the given target inventory service level is the "mini mum" required target inventory service level.
2. Assuming that the 10 items are good representatives of the whole retail assortment of the company (in terms of inventory savings, and that the peak season occurs over four punths of cach year." what will be the estimated annual monetary loven (ysavings for ]I'MC ifit changes its safety stock quantity from the current practice to the theoretical benchmark if the target Fiventory service level is 959%?
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
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